Shawn Kemp | Center

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The Seattle City Council and investor Chris Hansen have agreed on financial terms to build a new arena in the city.

Forlorn Sonics fans suddenly have reason for optimism -- the new arena could host both an NBA and NHL team once it's completed, Hansen announced the deal on his website SonicsArena.com, and the plan also calls for renovations of the Sonics' former home, KeyArena. As the Mayor of Seattle said on Monday, "We haven't gotten a team yet, but Sonics fans have a reason to smile today." Tue, Sep 11, 2012 02:29:00 PM

Hedge fund manager and Seattle native Christopher Hansen is interested in building a new arena and bringing an NBA team back to Seattle.

"[I] am confident that with a little effort and creativity we can find a solution that meets our needs and the City’s/State’s desire to get a team back to Seattle without a large public outlay," wrote Hansen. The arena is one part of the equation (Key Arena isn't a suitable venue), and the other is part is how the city would acquire a team -- they've been watching developments in Sacramento, but the bottom line is that Seattle has no clear path to hosting an NBA team. Sun, Feb 5, 2012 11:28:00 PM

ESPN is reporting that Shawn Kemp will come out of retirement and play in Italy this season.

Kemp is 40 years old and fantasy owners have to be thankful that his return is not coming in the NBA. If it was, those of you over the age of 30 might be tempted to take a chance on him for some nostalgia. Sun, Aug 17, 2008 02:14:00 PM

Shawn Kemp, who will play in Italy next month, still has his sights set on returning to the NBA.

"I've still been in contact with a lot of teams. I played ball all summer," Kemp said. "Between you and me, I would love a chance to win a ring." He's got some legal issues to deal with stemming from drug charges and we'd be very surprised to see him in the NBA again. Mon, Nov 6, 2006 10:05:00 AM